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20121224
20121224
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English 65
Search Results 0 to 49 of about 65 (some duplicates have been removed)
NBC
Dec 24, 2012 7:00am EST
will be cut before new year's to avert the fiscal cliff by extending tax cuts temporarily or tax cuts from people under $250,000 of income. i spoke this morning to a republican member of congress who said, we still can come back next week, and we can still do it, although, you know, mara was talking in her piece about shoppers who think they get a better deal the longer they wait. it's a worse deal for the republican party having waited this long, having gotten beaten on the plan b that speaker boehner was trying to do. the terms are getting worse for republicans, not better. >> a lot of people watching this will say if congress couldn't reach a grand bargain with a self-imposed deadline, this so-called fiscal cliff, when will they ever get together and do something big? is there hope beyond the 31st and 1st of this year that eventually there will be a big deal? >> well, i've always been perhaps excessively optimistic about this, but i think, yes. look, members of congress understand that we have a long-term fiscal problem. they have different visions for how to achieve it. the republican
MSNBC
Dec 24, 2012 11:00am PST
the fiscal cliff. he promoezed that we don't tax -- no tax increase until $400,000, instead of $250,000. he proposed -- he said he would be willing to go with the republican demands for entitlement cuts cutting colas on social security which i think is obnoxious and will not vote for under any circumstances. he made a lot of concessions, too many. the republicans showed, though, when they voted against cutting taxes for 99.8% of americans, because they wouldn't allow taxes to go up for people above $1 million, they showed that it's very difficult to do business this w them. >> you said the president made too many concessions. >> i think so. >> were you more a fan of the $250,000 and less than that or -- >> i'm more of a fan of the $250,000 but mainly, mainly i would not vote for a nickel in -- under any circumstances for a nickel in cuts to social security benefits. >> so when we look at that and there are those on the right that say i won't vote for a nickel in revenue and then you coming on saying i won't vote for a nickel less than what people are getting -- >> on social security. that's
FOX
Dec 24, 2012 4:25am EST
tower and a gold fish and bright blades. >> consumers may be nervous about the fiscal cliff and the possibility of tax increases and spending cuts. with time running out to reach a deal, lawmakers are finger pointing about the lack of progress on averting tax hikes and deep spending cuts next month. senator joe lieberman says he believes it's more likely that the deadline will not be met. >>> we are learning more about the dui arrest of a u.s. senator. idaho republican michael crepo was pulled over in alexandria. an officer said he saw him run a red light. police say senator crepe po -- crepo registered a blood alcohol level of .11. he was released on pound about four hours later -- bound about four hours later. the. >>> the nation's largest gun lobby says efforts by congress to regulate guns or ammunition would not prevent more mass shootings like the one in connecticut. the nra response is being panned on several fronts, even from republicans. >> i say not to mention guns in trying to eliminate school violence is like not mentioning cigarettes and trying to eliminate lung
KRON
Dec 24, 2012 7:00am PST
is running out to avert the fiscal cliff of tax increases in domestic programs cuts in january. some members of congress are concerned that a deal can't be reached. >> we are going to go over the cliff now because that is what the president wants. you cannot negotiate with someone who does not want to negotiate. >> president obama is and why you right now and will be cutting his vacation short. we will see the taxes go up if we do go over the fiscal cliff. palin a nurses' strike thousands of nurses walked off the job today at nine bay area hospitals. nurses with a center helps halt the bay summit medical center are asking for a negotiated labor contracts and improvement in patient care protections. such as staffing levels, a health benefits, and sick days. strikers a hospital officials want to reduce the number of paid sick days for nurses and technicians while maintaining health care coverage for those who work fewer than 30 hours a week. >> we're looking at power outages this morning all across the bay area. here's a look at the numbers. in the north bay 1075 people are without power. on t
CBS
Dec 23, 2012 11:00pm EST
of ar15 ammunition magazines have been told in the last three days. >> >> fiscal cliff talks, without a deal, automatic tax hikes and spending cuts would kick in january 1st, affecting almost all americans. democrats and republicans insist they are committed to reaching a deal. congress returning to washington the day after christmas. senator from hawaii, laid to rest. president obama and the first lady attended the memorial service. he was the first japanese american elected to both houses of congress and the second largest serving u.s. senator. he was 88 years old. >> back here in maryland a police shooting in baltimore county, a police officer opened fire, killing a man who had a knife. that's where derrick is tonight with the details. >> reporter: police say the officer was acting in self- defense when he confronted and shot a suspicious man he found back here behind this gas station. it all started with an officer on routine patrol as he passed the shell gas station at ed monton around 3:45 in the morning. he noticed a suspic
FOX
Dec 24, 2012 4:30am PST
can see and it would hurt jobs. >> if we go over the fiscal cliff, most americans will see higher taxes and most will feel the sting of harsh budget cuts. >>> holiday vandals hit a church in orange county, what has police launching an investigation . >>> coming up, alex savage would be live with more on a police investigation and it turned into a much bigger situation. >>> police say it happened near a catholic church. was swastikas -- swastikas were found in front of a priest's house. a nay safety scene has been nativity scene has been found in the past. >>> snow in the west could make for a white christmas on the east coast. snow has fallen up to a few inches in other parts of new york state and it is creating headaches for holiday travelers. the region could get a few more inches before christmas day. >>> in the valley two people are recovering after getting caught in an avalanche. three snowboarders triggered the avalanche after 6:00 am m. the valley and fire department said they deployed 7 avalanche dogs but everyone was accounted for about an hour later. >>> santa has alread
FOX
Dec 23, 2012 5:30pm PST
will avoid the fiscal cliff before the year ends. >> speaker boehner was $200 billion higher on spending cuts and out of a $4 trillion budget that doesn't seen insurmountable so i hope they keep talking. >> congress is expected to be back in session thursday and without a deal, tax hikes and deep spending cuts will be triggered on january 1st. >>> coming up tonight on the 10:00 news from flooded roadways to sinkholes. >>> our stormwatch coverage continue as a powerful storm leaves behind a mess in the bay area. >> thank you for trusting ktvu channel 2 news. >> we'll see you the next time newsbreaks and we're on-line at ktvu.com. we'll see you tonight at 10:00
MSNBC
Dec 24, 2012 2:00am PST
. as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest year
KRON
Dec 24, 2012 4:00am PST
house to avoid the fiscal cliff. president obama and congress it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. >> some republican lawmakers say old, once the country to fall off the physical cliff. >> we have gone over the cliff now, later, the fiscal cliff-you cannot negotiate with some of that does not want to negotiate. >> john boehner failed to get enough votes were planned beat that would raise taxes for people earning more than $1 million. the speaker, and the president left town without making a deal. >> i have passed leaders of congress to work together to create a deal to protect and employment for 2 million americans, protect middle america the middle income americans and also work on deficit reduction. >> the president solution would still leave red ink as far as the eye could see. and difficult for jobs. >> this is it difficult for the brink of perpetual gridlock. >> this is likely that we will go over the fiscal cliff and not and if we allow that to happen. wou
FOX News
Dec 23, 2012 11:00pm PST
the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do something that would be hugely important for the country. i mean my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the $1.1 trillion that has already been done and that would be close to the $4 trillion we are needed to stablize the debt and to begin to bring it down and then if you wanted to add on the alternative minimum tax which costs about $800 billion to fix you could offset t
FOX Business
Dec 24, 2012 12:00pm EST
, and see if that can avoid the fiscal cliff. the president and speaker both that they will cut their vacations short and return to washington this week to keep trying to work something out. ashley: i am surprised you got anyone would you made those calls today, peter. time is running out. peter barnes nbc. peter, thank you very much. ashley: a fox business exclusive. jeffrey, thank you so much for being here. you are bullish. >> there is an old market for a lot longer than i go back in this business. what we sell in mid-november, especially on the 16th and 19th, without getting too technical, we saw things like outside days and offside gaps. that was a key reversal. we also saw somewhat similar action around the thanksgiving. in 2011. i believe that this rally is genuine. we will need to hold on a monthly closing basis the 1400 plus. where would the charts the? if we take a look, at that horizontal line, you will notice that the outline correspond to keys peak. by taking an aerial view of the markets, sometimes they could offer potential clues. as long as we remain above this 1
FOX
Dec 23, 2012 10:00pm PST
fiscal cliff. >> the president was about 200 billion higher on revenues. boehner 200 billion higher on spending cuts. out of a trillion dollar budget that doesn't seem unsurmountable so i would hope they would keep talking. >> congress is expected to be back in session by thursday. without a deal tax hikes for all americans and deep spending cuts will be triggered on january 1st. >>> the head of the national rifle association today defended his group's refusal to consider any form of gun control. >> look a gun is a tool. the problem is the criminal. every police officer that walks the street knows if you want to control violent crime take violent criminals off the street. >> on friday the nra called for armed guards in schools as the best way to prevent shootings like the one in newtown connecticut. today warner a supporter of gun ownership called for mental health care as a way to protect schools. >>> religion leaders prayed for peace and called for action to prevent gun violence. church members held sunday service then a town hall forum to answer questions and spark discussion. ac
CNBC
Dec 24, 2012 6:00am EST
the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. on a broad thing like this, you need both. and he has put himself with plan b and sort of an impossible position. he has to get these hard right goes to go along with him. and he and the president were going to say we're going to pass a deal with the majority of republicans and the majority of democrats in the house and senate, we would get a mainstream deal. >> i think we're going to fall out of the fiscal tree. the big deal for the big deal is at the debt ceiling. that's when we will have leverage to turn the country around. >> congress is now out of session for the christmas holiday. but expect it to be back thursday. joe, we talked to some of the senators and congress last week saying will you come back from vacation? some of them pretend like they weren't going, but i think they really were. >> if boehner's leadership is
NBC
Dec 24, 2012 4:30am EST
. a traditionally quiet week could become hellish for traders. as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6%
MSNBC
Dec 24, 2012 8:00am PST
to reach a deal, the impact is as unlikely as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel the brunt of the fiscal cliff fallout. the dow fell on friday after the deal failed the night before. last week fitch warned it may downgrade the u.s. credit rating if congress cannot reach a deal. some lawmakers are angling for the best political outcountry. >> when i listen to the president, i think he's eager to go over the cliff for political purposes. he gets all this additional tax revenue for new programs, gets to cut the military which democrats have been calling for for years, and he ge
ABC
Dec 24, 2012 5:00am EST
. >> eight days away from the fiscal cliff deadline. there's no movement from miticide or a deal. automatic spending cuts and tax increases will stick in january 1st if no deal is in place. that could throw the u.s. back into recession. president obama and lawmakers are on vacation. congress is not expected to meet again until after christmas. >> i guess we can call in another sign of the times. newsweek will become a digital- only publication in the new year. >> a sad moment. this is its last ever print issue. its features a photograph of the old newsweek offices in new york. the headline reads "last british." the-- "last print edissue." >> a few sloppy snowflakes today, mixed with rain, no accumulation expected. >> will that hold you over? >> no. i am still wishing for snowfall. teachers do as well. a light wintry mix today, not a big deal. nothing to get excited about. why snow excitement factor, 1 out of 10. next weekend we have the potential for little snowfall. let's talk about what's happening right now. areas of rain tracking into southwestern virginia, western north carolina tenne
ABC
Dec 24, 2012 3:00am PST
's still no deal preventing the economy from going over the fiscal cliff. members of congress are pointing fingers over who is to blame for the lack of progress to prevent tax hikes and spending cuts. connecticut's independent senator joe lieberman expects congress to work right up to the new year's eve deadline. but he's not even sure that's going to be enough. >> it's the first time i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks right now. due back later in the week. one possibility is a partial deal on taxes while putting off an agreement on spending, therefore kind of kicking some of the can down the road, once again. >> and that seems to be what congress is good at. no problem ever gets solved. there's no grand bargain. we heard that term tossed around. seems like we just do a little bit and then say oh, we'll get to it by summer and get to it by the fall. and nothing substantive really g
FOX News
Dec 24, 2012 8:00am PST
, the defense department, that are facing these cuts as a result of the fiscal cliff are planning already ahead knowing that there will be negotiations afterwards if no deal is reached, and believing that some type of remedy will occur. they are not really starting to cut as much as they would believing that some deal, even if it doesn't happen before january 3rd will happen after january 3rd. >> reporter: you can be sure that they are actually lobbying and actually trying to get a deal done. as we see members of wall street and ceo's saying get in there and get in the room and get a deal done. you're speaking of negotiations, prior to this standoff the negotiations between president obama and house speaker john boehner tpaeufpltd the so-called plan b alternative failed in the house. so now the senate has the hard task of doing something. so what plan do you expect senators to possibly adopt, and do they have enough time to even get a plan into place? >> it's a good question. there was a quote today in the new york times from a senior democratic aide who said it's hard to under state how little
CBS
Dec 23, 2012 6:00pm PST
weapons. >> glor: margaret brennan, thank you. there are eight days now until fhe fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track sa
KRON
Dec 24, 2012 6:00am PST
are growing more skeptical that a budget agreement can be reached. >> before we go over the fiscal cliff, negotiations. >> president obama is in hawaii for christmas. and says he'll cut his vacation short to try and hammer out a deal with congress. the deadline. now a week away. if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts and improvements in patient care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce the number of paid sick days for nurses and technicians, while eliminating health care coverage for those who work fewer than 30 hours a week. >> we will be right back. thousands of palestinians and international tourists are visiting bethlehem to visit christmas. and to celebrate-christmas. this is live at the we will be right b
FOX
Dec 23, 2012 10:00pm EST
the approaching fiscal cliff and the possibility of those tax increases and spending cuts, but i did manage to do a little shopping while i was out here and if you're good, i'll bring a little something back to you. >> oh, karen gray houston, always multi-tasking, i appreciate that. we'll see you back here. i can't wait to see what you got me. >>> meantime fox 5 is tracking santa as he gets ready to take flight. the u.s. military released this preview clip of santa claus. this is norad, the north american aerospace defense command. while we count down to christmas we are also tracking the holiday forecast. >>> fox 5's gwen tolbart joins us now from the weather center. we've asked about the chances for a white christmas. anything new tonight perhaps? >> we've got a little active weather moving into the course of tomorrow, but i am not looking at it bringing us anything in terms of a white christmas. let's look at the maps. here's a look at our satellite and radar composite, a few clouds moving into the south of us. we had rail bright day, plenty of sunshine -- a really bright day, plenty of sunshi
FOX
Dec 24, 2012 5:00am EST
the fiscal cliff, a number of other legislative issues are going unattended including the agriculture bill which could lead to a big increase in the price of milk. under the bill the government buys milk from farmers if it gets too low. the dairy subsidy is set to expire january 1st. experts say milk could reach $7 in 2013. >> let's hope something gets done. >> that is a lot for milk. >>> still ahead, a check of your holiday travel forecast. >> plus, just in time for christmas, a special homecoming for a dog after he had been on the run for months. >>> the duke and dutchess of cambridge will northbound the southern english village of bucklebury. they will pay a visit to the queen tomorrow, who is at an estate in eastern england. >>> scary moments for a minnesota family. a man crashed his helicopter trying to land near his son's home. the son watched in horror as it went down. the chopper spun out of control, hit a trailer in the yard, and within seconds went up in flames. amazingly the pilot walked away with a burn on his arm. the cause of the crash is still under investigation. >>> a very
CNN
Dec 24, 2012 2:00am PST
for the president to go off the fiscal cliff. but both sides are saying, you know what? maybe it's better to go off the cliff. politically, members of congress will have to vet on tax cuts as opposed to now which are tax increases which are much harder to take. >> that's right. because the tax hikes will happen whether or not congress acts, so the school of thought here is that if republicans and temp kratz were to allow this just to happen, then they could vote for infect only tax cuts, not be on the record voting for tax hikes. now for the very staunch anti tax folks, it's unclear if that would really pass muster with them, but certainly this is something being considered you know, dana. >> absolutely. i'm sure the markets won't know that. brianna, good to see you. while in hawaii, president obama and first lady michelle obama paid their respects to late senator daniel inouye. inouye died last week from a respiratory illness. he was 88 years old. following that the president went to visit the grave of his old grandfather who is buried at the very same cemetery. >> he will be missed and remembered
NBC
Dec 24, 2012 5:00am EST
how to deal with the issue. another stalemate in fiscal cliff negotiations. >> our colleagues are risking the fiscal cliff. >> i think we will fall out of the fiscal tree. >> lawmakers return from their holiday recess on thursday and will have their work cut out for them. danielle leigh, wbal-tv 11 news. >> 28 degrees on tv hill. a u.s. senator is charged with driving under the influence the >> george h.w. bush will be spending christmas in the hospital. >> this is a live picture of traffic at baltimore national pike. w=!n did you get chips for the party? nope. cheese plate? cheese plate...nope. i made something better. ♪ you used the oven? boom ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >> president obama was among the other dignitaries that attended a service for the late senator daniel inouye. the veteran was the first japanese american elected to both ho
FOX Business
Dec 24, 2012 11:00am EST
? >> oh, absolutely. if the fiscal cliff, if we go off of it, i think we will see crude oil prices come down substantially. my thought is though if we don't do that, if we have a short-term fix, that you will see a lot of hot money come back into the market and park itself in commodities and oil is always a favorite. so if you're rooting for the fiscal cliff, you might be rooting for lower gas prices, but you're probably rooting for lower unemployment, you know, lower income and a lot of other things as well. dagen: tom, if you're rooting for the giants, i know it was a rough day, but if it makes you feel any better, if you're a jets fan, they're a whole lot worse. >> they do. it is time to adopt a team. i think i'm going to go with the packers this year. dagen: i have always stayed sort of loyal to the redskins. they are having a good year so i don't have to be ashamed. i can just pull out my redskins sweatshirt instead of wearing my jets sweatshirt. >> as long as the cowboys lose, all is right with the world. dagen: amen brother. thank you tom. >> take care, merry christmas. >> thanks
FOX Business
Dec 24, 2012 1:00pm EST
hearing device. let's talk about the president going off the fiscal cliff or not. >> i think it is crystal clear that that is the case. his response was to offer, what he called, a small proposal. extend another $30 billion, no spending cuts and let's go back to my tax plan. that is not trying to move the ball forward. that is rubbing salt in the world. i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff, have the automatic sequester cuts, take the tax increases, go back to the clinton era rates and that when the economy reacts, as it most certainly will, negatively, then he will blame the republicans for putting us into a recession. david: let's put a fine po
NBC
Dec 24, 2012 6:00am EST
in fiscal cliff negotiations. >> our colleagues are risking the fiscal cliff. >> i think we will fall out of the fiscal tree. it will not be a big deal. >> lawmakers return from their holiday recess on thursday and will have their work cut out for them. in washington, i'm danielle leigh, wbal-tv 11 news. >> 6:08. disney preparing to make a major announcement. >> a terrifying crash police four people dead in ohio. >> chances are this gadget has made it onto a wish list. >> for all the last-minute shopping, we have a look at the forecast. a wintry mix is on the way. >> we will check on your morning commute and a couple ofhqhqhqhqe mountains. >> good morning. this is a live look outdoors. it is still dark outside. temperatures in the low 40's downtown. we switch over to the radar picture to see the storm system approaching from the south. a lot of clouds across the mid atlantic. rain moving into virginia. that pink dot is showing the precipitation is now starting to change over to wintry mix. transition.ng that it will not just be a pure rain because the temperatures are too cold. you can se
ABC
Dec 24, 2012 4:00am PST
now and there is still no deal preventing the economy from going over that now infamous fiscal cliff. members of congress are still pointing fingers over who is to blame for the lack of progress. to prevent the tax hikes and spending cuts from aching effect january 1st. meanwhile, connecticut's independent senator, joe lieberman, expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's the first time that i feel like it's more likely that we'll go over the cliff than not. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks. they're due back later in the week. one possibility in all of this mess is a partial deal on taxes while putting off agreement on spending until some time down the road. >>> former president george h.w. bush may be spending christmas in the hospital. he's been there since thanksgiving. he's battling bronchitis and a lingering cough. doctors say he's in stable condition but needs to
FOX Business
Dec 23, 2012 8:00pm EST
was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimisticsigns and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they wet from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his share of heat for washington this function to may point republicans are hammering. >> the u.s. economy is est
ABC
Dec 24, 2012 2:30am EST
is the fiscal cliff and yet no resolution just yet. the deadline for heading off tax hikes and spending cuts is now one week away. congress returns from a short holiday break on thursday and at least one senator expects negotiations to go up until new year's eve. one possibility is a partial deal on taxes and putting off spending for later. >>> also new insight this morning into mitt romney's failed run for the white house. comments coming now from his eldest son. tag romney tells "the boston globe" that his dad never actually wanted the top job and he was reluctantly convinced to run for president. "he wanted to be president less than anyone i've met in my life" is what tag said, direct quote. he went on to say that his father is a very private person who simply does not like attention. that's a stunning remark, the money, the time, the scheduling, the scrutiny, the investment. the people around you who come along for the ride. if you don't really want it, why would you jump and devote two years of your life running for the toughest job on the planet? >> i was at the romney headquarters ele
CNN
Dec 24, 2012 4:00am PST
and spending cuts this holiday seas season. only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is all part of a white house plan. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at thement bot of the cliff. he gets all this additional tax revenue for new program. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> white house correspondent breanna keilar has the envy of all assignments of traveling with the president and joins us live from honolulu, hawaii, this morning. breanna, good morning to you. >> reporter: good morning to you, alina. the bottom line here, beginning this week, is that substantive conversations between democrats and republicans are basically nonexistent. the white house and senate democrats are not in communication not only with house republi
MSNBC
Dec 23, 2012 11:00pm PST
over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made as soon as. to my republican kcolleagues, te the ronald reagan model is if you get 80% of what you want, that's a good day. i lime simpson-bowles. the president is going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the public from a tax hike that, is not a tax increase in my book. chuck, maybe you and me and some other people in the senate can find a way to find this on the short term but on the long term there's not going to be a deal any time soon. >> you think we're going to go over the cliff? >> i think we're going to fall out of the fiscal tree. the big chance at the big deal is at the debt ceiling. that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling orchl if we save medicare and social security from insolvency and prevent this country from becom
ABC
Dec 24, 2012 6:30am EST
the fiscal cliff. with one week to go president obama and congress are on christmas vacation. it will be thursday before talks resume to prevent automatic tax hikes and spending cuts taking effect january 1st. on friday, speaker boehner and the president left town with no deal each making a parting pitch. >> we have asked leaders of congress to work towards a package preventing a tax hike on middle class americans protects unemployment insurance for two million americans, and lace the ground work for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would be red ink as far as the eye can see. and it would hurt jobs. >> if congress fails to reach any agreement in con-- income tax rates will go up on about everybody on january 1st. unemployment benefits will expire for many as well. >>> the u.s. senator arrested for driving under the influence says he is "deeply sorry" for what happened. police say that michael crapo was pulled over early sunday in dc for running a red light. he he was arrested after failing a sobriety test. he
FOX News
Dec 24, 2012 6:00am PST
the markets, the stability, let the bush tax cuts --. gregg: last question, marjorie. the whole fiscal cliff crisis is all about finding a way to cut the $16 trillion plus debt. and yet the president is demanding new spending, more spending. is it no wonder that people think he is just not serious about this? >> well, i think it's a reexamination of spending. i think that is more realistic way to look at it. you can't cut specific programs. gregg: he is saying give me 50 billion more. >> we know that -- >> increasing is reevaluating it meaning to add more tonight. what we know over 60% of the americans don't want social security, they still want medicare. gregg: we are not taking away medicare and social security. >> marjorie we're sustaining them for future generations because they're on a path of unsustainability. >> you know what i'm going to do? get my little elf on the shelf and put them in the halls of congress and report back to santa all the bad behavior going on. we need compromise, no question. >> the grinch is in hawaii. gregg: if we could put you two together in a room i know we
CNN
Dec 24, 2012 6:00am PST
that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii? >> reporter: the president has been getting in some r and r. he arrived saturday morning. he played golf with some of his buddies. he wept outer with his wife. yesterday he attended the ceremony for senator daniel inn way. and then he went for a hike in the afternoon with his daughters. this may be his one chance for a vacation and you may recall he didn't get one this summer. he decided not to go on his normal vacation in the election year. so this is really it for him. >> brianna keilar, thank you. >>> the gun control debate is intensifying. the nra's executive vice president made the circuit on sunday morning. he went on "meet the press" saying cal
FOX
Dec 24, 2012 7:00am PST
from the fiscal cliff. talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal
CBS
Dec 24, 2012 6:00am EST
be taken off the streets on school days. >>> the other big issue on capitol hill the fiscal cliff. president obama and congress are are home -- are home now for christmas. automatic tax hikes and spending cuts will kick in january 1st. democrats and republicans insist they are still committed to reaching a deal with the house speaker vowing to return to washington the day after christmas. >>> more than 1,000 people attend the memorial service for the late hawaii senator daniel enoway. he was the first japanese american elected to congress. he spent 50 years in washington serving the people of hawaii. he died last week. he was 8 8. >>> this morning an investigation is underway after a baltimore county police officer opens fire, killing a man who they say was pointing a knife at him. mike schuh is live with more on what happened. good morning, mike. >> reporter: good morning. county police say that their officer stopped a man behind this gas station and what happened next is up for investigation. >> the officer on routine patrol passes this shell station around 3:45 in the morning.
CNN
Dec 24, 2012 9:00am PST
. unfortunately, they agree that going over the fiscal cliff is now a real possibility. you got the democrats, the white house republicans. they all say it is possible they're not going to reach a deal to avoid the massive tax increases and spending cuts that will take place in just eight days brianna keeler is in honolulu. i'm not going to tease you about hawaii being a junket, because i know it's hard work and you're doing something. >> thank you. >> absolutely. i'm a little jealous of the water and backdrop and sand. never mind. i won't hate here. tell us, are there any conversations that are going on between the president, the republicans, the democrats, anybody to aavoid the fiscal cliff? >> reporter: well, this is what may be alarming to learn, suzanne. obviously, the white house is always in concert with senate democrats. there's always an open line of communication there, but there are really no substantive discussions going on with the white house and senate democrats with republicans both in the house and the senate. that may seem troubling at this point, because obviously eyes are
ABC
Dec 24, 2012 7:00am PST
about running off the fiscal cliff. the deadline for preventing tax hikes and government spending cuts is just one week from today. the president and congress return to washington later this week. it's likely they'll work right to new year's eve. one possibility is striking a deal on taxes but leaving the spending for later. >>> overseas now, where an american has been killed by an afghan policewoman. the attack took place at police head quarters in kabul. where there have been similar insider attacks, this is the first time a female security officer has been involved. >>> the nra is not backing away from its call for armed officers in our nation's schools. and the group vows to fight any effort by congress to strengthen gun control laws. now congressman chris murphy, whose district includes newtown, calls the stance "tone deaf and revolting." >>> a real christmas gift, it would be getting to where you're going on time today. storms are causing major travel trouble throughout the nation. it's not only trying to get through snow-covered roads. rain and wind are grounding flights in the
FOX News
Dec 24, 2012 10:00am PST
service for senator daniel inouye yesterday for his burial. but, obviously a fiscal cliff still very much on his mind. that short-term deal he was talking about on friday was basically extending middle class tax cuts, $250,000, or below, even though that has been controversyal. even though republicans have not signed onto that. he wants to extend unemployment benefits for two million americans about to lose them after a week if there is no deal. as you noted he wanted to push spending cuts to january which is upsetting republicans like john barrasso. take a listen. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he see as political victory at the bottom of the cliff. he gets tax revenue for new programs. and gets to cut military which democrats calling for years and he gets to blame republicans for it. >> reporter: now democrats insist that is nonsense. they say the president since the election has been working with the republicans trying to figure out some sort of solution to this crisis. they note that they believe is
ABC
Dec 24, 2012 6:00am EST
their home for a holiday. it is for a >> we are eight days from the fiscal cliff deadline and there is no deal in sight. thursday is the soonest the talks would likely resume. they want to prevent automatic tax hikes and cuts in spending from taking place. >> were going to go over the cliff for. you cannot negotiate with someone who does not want to negotiate. >> it is the first, i feel that is more likely we will go over the fiscal cliff. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> economists warn without a deal, the u.s. could plunge into recession. today is christmas eve and santa just set off for his 24-hour trek around the world. >> cameras are recording his final journey. he put a huge stack into the sleigh and rudolph led the way santa says it is important for everyone to wish for peace on earth. if you want to attract santana -- santa - look closely. >> this is norad tracker and he is heading along the australian coast. on the site, he has already delivered 86 million gifts. >> a l
CNN
Dec 24, 2012 8:00am PST
relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that house republicans have clearly rebelled against john boehner, can
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